stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Personal Financial Literacy Flashcards | StudBud
Explore
/
Personal Financial Literacy
Personal Financial Literacy
32 terms
·
StudBud Administration
·
82 plays
#personal #finance #Civics
Flashcards
32 cards
F
Practice quiz
P
Host live
L
Questions
32
Answers
1
federal government program that helps people pay medical expenses
medicaid
goal
Medicare
2
the amount that an account is worth at any given time
cash value
cash value
cash flow
3
What are disadvantages of using credit cards?
Costly
Can make your credit bad
Easily abused
There are no disadvantages
4
What are advantages of a credit card?
Carry less cash
Keep records of spending
Pay for purchases all at once
avoid interest charges if used properly
5
Credit card
a bank
money
Provides individuals with revolving open-end credit
the ability to use a credit card
6
A purposeful course of action or purpose in life that generally provides income
Goal
Work
Job
Career
7
What is net profit?
increase in value
Total revenues minus total expenses
decrease in value
sesnepxe latot sunim seunever latol
8
The chance that an investment has been misrepresented.
Not sure
Identity theift
Fraud risk
M.I.A
9
numbers you need in order to access an account
account number
balance
budget
cash advance
10
reduction in value overtime
depreciation
acceleration
increase
decrease
11
a type of insurance that covers the cost of medical expenses
life insurance
health insurance
car insurance
house insurance
12
A form of student assistance based on academic achievement or another accomplishment
scholarship
student aid report (SAR)
financial aid
13
The difference between credit and debits in an account
Vesting
Asset
Bond
Balance
14
Where does money come from?
cotton
private banks in a fractional reserve banking system
Trees
linen
15
What is a loan?
money you earn by working
lending of money from one individual to another
16
What is a budget?
a organization
The process in which it takes to borrow money from a bank
A written record of income
insurance
17
Something you owe for
Revenue
Liability
net worth
Orgination fee
18
What are expenses ?
a loan
money you earned
Garria
What you spend
19
what is a credit provider
An entity , Such as a bank
The ability to use a credit card
a joint bank account
Mustache
20
What is social security?
A federal system of old-age , survivors , disability.
payment for the use of someones money
an agreement to provide goods
a written contract
21
Someone who owns property and rents it to another
principal
lessors
landlord
22
unauthorized use of a person information
inflation
independent student
identity theift
grant
23
Equity
something you own
I Don't know
income
Ownership in a company
24
net income ; earnings
rate of return
credit score
profit
debt
25
The maximum amount you can borrow using a credit card
credit limit
cash
payday
a loan
26
What is net income
The same as question 6
The same thing as Net Profit
number 8
......
27
Can you skip taxes?
maybe
NO
yes
I don't know
28
the profit or loss you have n your investments
return
checking
savings
29
What is a revenue?
the way to spend money
Money you've earn
financial aid
Money you loose
30
what is a check?
a plastic card used to deduct money from account
A written legal document for money
A company that makes loans
31
A process in which a court takes over some of the finances leaving a person unable to pay bills
Cash advance
deposit
Bankruptcy
Credit card
32
What is personal finance?
Nothing
The business services offered by a bank
A defined management of money
a current medium of exchange in the form of coins
